7 Comments

Icahn does need the cash

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Good read! Thank you.

I like to do the value investing thing where I compare acres/ reserves/ infrastructure etc to similar companies. But I’m not very familiar with the Anadarko basin and there hasn’t been many large M&As.

Any idea what Sandridge’s replacement value might be? They got 365k acres, 1000 miles of electric and SWD.

Sandridge is trading at approximately $32.7k/ per boe/d. ( excluding it mountain of cash). Compared to other basins, that’s be a very low price, especially considering how developed the field is and the extensive infrastructure.

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Sandridge announces a onetime and quarterly dividend and buybacks.

https://stocks.apple.com/ACi3LjNhESnKpxhsCC4ljMw

Nice call, Josh.

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Thanks for the insight on the possible Icahn catalyst. Great write up!

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Josh, what would you do if you are SD / Icahn? Buy VTLE or something else?

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